By Guest 
Cryptocurrency markets show resilience amid shifting US-China trade negotiations, with Bitcoin holding above $93K.
Crypto Markets Respond to Trade Policy Signals
Bitcoin maintained its upward trajectory in Wednesday afternoon trading, recently changing hands around $93,400 – a 2.2% increase over the past 24 hours according to CoinGecko data. The leading cryptocurrency had dipped to near $92,000 earlier in the day before rebounding.
Ethereum demonstrated even stronger performance, rising 5.3% to $1,780, while Solana gained 4% to reach $150.
Treasury Comments Clarify Trade Stance
The market movement followed remarks from U.S. Treasury Secretary Scott Bessent, who clarified that President Trump hasn’t made unilateral tariff reduction offers to China. Bloomberg reported that some Chinese goods currently face tariffs as high as 245%, with Bessent noting negotiations could take years to finalize.
These comments appeared to walk back more optimistic statements made the previous day at a private investor summit, where Bessent reportedly suggested a trade deal might come soon and described the trade war as unsustainable for both nations.
Presidential Perspective on Tariffs
From the Oval Office, President Trump told Fox Business that Chinese tariffs “will come down substantially, but it won’t be zero”. While not specifying exact reduction figures, the President expressed confidence that negotiations would “work out very well”.
Market Analysts Weigh In
Aurelie Barthere, principal research analyst at Nansen, observed that recent administration comments have provided “notable relief” to investors. However, she cautioned that volatility could resurge as trade talks continue, telling Decrypt: “It feels like we’ve maxed out on tariff-related fear…markets were just waiting for the slightest signal that we’re back in the game.”
Traditional Markets Show Parallel Gains
The positive sentiment extended to traditional markets, with the S&P 500 climbing 1.8% and the tech-heavy Nasdaq surging 2.6% according to Yahoo Finance data. Notable movers included Strategy (+1% to $346) and Coinbase (+2.6% to $195) after receiving a buy rating from Benchmark.
Bitcoin ETF Flows Rebound
Spot Bitcoin ETFs saw their strongest daily inflows since January 17, with Wintermute OTC trader Jake Ostrovskis noting the turnaround in a market commentary. CoinGlass data revealed $913 million in net inflows, led by ARK 21Shares Bitcoin ETF (ARKB) with $267 million – just $200,000 below the record set in mid-November.
Read More: